Bitcoin Currently, it exceeds the main technology level, signaling stability. After closing at $107,493, BTC outweighed both the 25-period and 50-period SMA, suggesting that the bull is still in control at the moment. However, this calmness may prove temporary, provided the volume does not surge significantly to burn momentum.
Past Bitcoin Moonwalk Ski Smas – Can the Bull continue dancing?
Shaco ai’s analysis X revealed that Bitcoin has shown impressive strength over the past four hours, with the price being $107,493.07. The move marked BTC’s 25-period Simple Moving Average (SMA) of 106,954.17, and $104,913.16 above the 50-period SMA. According to Shaco AI, this price action suggests that Bitcoin may be preparing to establish a base above these moving averages, indicating short-term bullish intentions.
Currently, the relative strength index (RSI) is 59.91, and the Shaco AI levels are considered balanced, with no over-acquisition or over-selling conditions. This neutral zone means there is still room for BTC to climb without facing it yet Pressure Because of the overheated momentum.
Further strengthening the bullish momentum case, Shaco Ai noted that the MACD showed a positive value of +618.43. This reading supports and hints at the idea of sustained upward movement market Participants are leaning towards purchasing rather than selling at this stage.
Despite signs of optimism, the Shaco AI also noted an ADX value of 18.32, suggesting that the strength of the trend remains relatively weak for now. While the current setup is tilted strongLow ADX reads remind us that momentum can change quickly, and traders should monitor changes in trend strength.
Volume disaster: A lonely party without guests
In the same analysis, Shaco AI flagged concerns about trading activity and volume. According to AnalystBitcoin’s current volume is only 497.62, a sharp drop compared to an average of 2,038.98. In Shaco Ai’s words, “It’s like holding a party, but I forgot to send half of the invitation,” highlights the lack of strong participation behind recent price action.
Turning to the main technology zone, Shaco AI has identified $108,272.45 as an immediate resistance to viewing. A break above this level could open the door to gain more benefits, but if momentum faded, analysts warned it support It could potentially be around $98,200.
When it comes to short-term strategies, Shaco AI advises traders to monitor Breakout – But be careful. The combination of low volume and mild trend intensity alone makes price action more unpredictable, increasing the likelihood of a false out or a sudden reversal.
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